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What is the face value of OKEx perpetual contract?

The face value of OKEx perpetual contract, representing the notional value of its underlying asset, fluctuates based on factors such as asset price, funding rate, and market volatility.

Oct 23, 2024 at 02:53 pm

What is the Face Value of OKEx Perpetual Contract?

OKEx perpetual contract is a type of futures contract that does not have a fixed expiration date. This means that traders can hold their positions for as long as they want, without having to worry about the contract expiring. The face value of an OKEx perpetual contract is the notional value of the underlying asset that the contract represents. For example, if an OKEx perpetual contract has a face value of $100,000, then it represents $100,000 worth of the underlying asset.

Factors Affecting the Face Value of OKEx Perpetual Contract

The face value of an OKEx perpetual contract can be affected by a number of factors, including:

The price of the underlying asset: The face value of an OKEx perpetual contract is directly proportional to the price of the underlying asset. This means that if the price of the underlying asset goes up, then the face value of the OKEx perpetual contract will also go up. Conversely, if the price of the underlying asset goes down, then the face value of the OKEx perpetual contract will also go down.
The funding rate: The funding rate is a fee that is paid by traders who are holding long positions to traders who are holding short positions. The funding rate is designed to help to keep the price of an OKEx perpetual contract in line with the spot price of the underlying asset. If the funding rate is positive, then it will be more expensive to hold a long position, which will help to push the price of the OKEx perpetual contract down. Conversely, if the funding rate is negative, then it will be more expensive to hold a short position, which will help to push the price of the OKEx perpetual contract up.
The volatility of the underlying asset: The volatility of the underlying asset can also affect the face value of an OKEx perpetual contract. If the underlying asset is highly volatile, then the face value of the OKEx perpetual contract is likely to be more volatile as well. This is because the price of the underlying asset can fluctuate rapidly, which can cause the face value of the OKEx perpetual contract to fluctuate rapidly as well.

Conclusion

The face value of an OKEx perpetual contract is the notional value of the underlying asset that the contract represents. The face value of an OKEx perpetual contract can be affected by a number of factors, including the price of the underlying asset, the funding rate, and the volatility of the underlying asset.

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